100 books like The Ascent of Money

By Niall Ferguson,

Here are 100 books that The Ascent of Money fans have personally recommended if you like The Ascent of Money. Shepherd is a community of 12,000+ authors and super readers sharing their favorite books with the world.

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Book cover of The Big Short

Claire A. Hill Author Of Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment

From my list on bankers, especially bankers behaving badly.

Why am I passionate about this?

I’ve always been interested—a vast understatement to anyone who knows me—in what makes people tick. I’ve focused on analyzing business actors – bankers, lawyers, investors, executives, shareholders, and others. What do they want? Some combination of money, power, or prestige? How does loving to win fit in? How about hating to lose? When is enough (money/power/prestige) enough? What do they think is ok to do to get what they want? What do they think is not ok? Amazingly, as a law professor, I can pursue that interest as part of my job, and – I think and hope – do so in a way that might help lawmakers, regulators, and policymakers do better.

Claire's book list on bankers, especially bankers behaving badly

Claire A. Hill Why did Claire love this book?

As everyone knows at this point, anything Michael Lewis writes will be enormous fun to read, while being about something really important—something he’ll make you care about even if you didn’t when you started the book.

In this case, the subject is people who bet on the direction of mortgages (and thus, house prices), and how those who bet on a huge plunge were right. This book has an amazing cast of characters, all richly drawn: some are smart, some are not so smart; some are excellent schmoozers, some can barely tolerate human interaction; some care a lot about money, some care more about being right, especially if everyone else is wrong.

Each book I've recommended cries out to be made into a movie. This one actually was.

By Michael Lewis,

Why should I read it?

8 authors picked The Big Short as one of their favorite books, and they share why you should read it.

What is this book about?

The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.

Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a…


Book cover of The Age of Turbulence: Adventures in a New World

Selwyn Parker Author Of The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression

From my list on economics and investment.

Why am I passionate about this?

Selwyn Parker is an award-winning journalist, author, speaker and pianist. In journalism he focuses on transformational contemporary issues like the new era in energy, the upheaval in banking, the revolution in transportation and the fast-moving world of investment. However most of his dozen books – novels and non-fiction -- are rooted in landmark historical events whose effects still register today.

Selwyn's book list on economics and investment

Selwyn Parker Why did Selwyn love this book?

Apart from revealing and sometimes dismaying insights into the workings of the White House, this legendary chairman of the US Federal Reserve presents a tour d’horizon of the economic thought that underpins the creation of wealth. As such, it should be obligatory reading for anybody interested in how nations prosper (or don’t), how governments routinely make disastrous interventions even if they aim to act for the right reasons, why Adam Smith continues to influence our lives (even though we don’t know it), and why capitalism is so foolishly demonised by banner-waving grandstanders.

By Alan Greenspan,

Why should I read it?

1 author picked The Age of Turbulence as one of their favorite books, and they share why you should read it.

What is this book about?

Alan Greenspan's The Age of Turbulence is the essential guide to what is happening in the world, and where we're heading, from the ultimate expert.

Alan Greenspan wielded more power than the presidents he worked for, from Ronald Reagan and Bill Clinton to George Bush and his son. He was in the command room of the world economy for longer than any other single figure. One word from him could send markets into freefall.

Now Alan Greenspan, the legendary former chairman of the Federal Reserve, gives us a unique insider's view of the world over his lifetime, from stock market…


Book cover of The Great Crash 1929

Matthew P. Fink Author Of The Unlikely Reformer: Carter Glass and Financial Regulation

From my list on American financial history.

Why am I passionate about this?

I was always interested in American history and studied at Brown University under an outstanding professor of American economic history, James Blaine Hedges.   During my career at the mutual fund association I often approached issues from an historical perspective. For example:  Why did Congress draft legislation in a particular way?  How would past events likely affect a regulator’s decisions today?  As a lawyer I had been trained to write carefully and precisely.  As a lobbyist I learned the need to pre

Matthew's book list on American financial history

Matthew P. Fink Why did Matthew love this book?

The book does an outstanding job in describing the people and events that produced the October 1929 stock market crash in a highly entertaining style. Galbraith wrote more like a witty and insightful journalist than the award-winning economist that he was. This is a must-read for anyone who wants to learn about American financial history. The book is a model for writers who want to educate non-experts about public policy issues.

By John Kenneth Galbraith,

Why should I read it?

4 authors picked The Great Crash 1929 as one of their favorite books, and they share why you should read it.

What is this book about?

'One of the most engrossing books I have ever read' Daily Telegraph

John Kenneth Galbraith's now-classic account of the 1929 stock market collapse remains the definitive book on the most disastrous cycle of boom and bust in modern times.

Vividly depicting the causes, effects, aftermath and long-term consequences of financial meltdown, Galbraith also describes the people and the corporations who were affected by the catastrophe. With its depiction of the 'gold-rush fantasy' ingrained in America's psychology, The Great Crash 1929 remains a penetrating study of human greed and folly.


Book cover of Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies

Selwyn Parker Author Of The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression

From my list on economics and investment.

Why am I passionate about this?

Selwyn Parker is an award-winning journalist, author, speaker and pianist. In journalism he focuses on transformational contemporary issues like the new era in energy, the upheaval in banking, the revolution in transportation and the fast-moving world of investment. However most of his dozen books – novels and non-fiction -- are rooted in landmark historical events whose effects still register today.

Selwyn's book list on economics and investment

Selwyn Parker Why did Selwyn love this book?

Professional investors troop to Wharton School to sit at the feet of professor Siegel and learn about why stocks – or shares – should be the bedrock of any investment strategy for the very obvious reason that it’s the best way to capitalise on the steady growth of the American economy. And by implication, other growing economies. If you haven’t got skin in the game, you’re on the sidelines. A dry book unless you have an intellectual interest in investment, it is nevertheless extremely thought-provoking and enlightening. It’s been through several editions and is routinely updated to reflect the latest developments such as exchange-traded funds, the phenomenon of the millennium.

By Jeremy J. Siegel,

Why should I read it?

1 author picked Stocks for the Long Run as one of their favorite books, and they share why you should read it.

What is this book about?

"Stocks for the Long Run" offers solid strategies for long-term investment success, showing investors how to understand and interpret the movements of the market over time. The book provides a detailed description of market performance since 1802 and an examination of the economic, political and fiscal changes that affect the stock market. It also contains an analysis of long-term stock opportunities in foreign markets.


Book cover of The Making Of Global Capitalism: The Political Economy Of American Empire

Robert Chernomas Author Of Neoliberal Lives: Work, Politics, Nature, and Health in the Contemporary United States

From my list on class warfare and that the wrong class is winning.

Why am I passionate about this?

Neoliberalism and I have grown up in opposition to one another over the past four decades. As a professor of economics, union, and political activist I have observed, wrote about, and resisted its effects on the life chances of the great majority of its citizens with particular focus on the United States as its primary protagonist and gatekeeper. The opposition to this transformative epoch included writing about the significant contributions of my profession to Neoliberal economics in two previous books; The Profit Doctrine: The Economists of the Neoliberal Era and Economics in the 21st Century: A Critical Perspective.

Robert's book list on class warfare and that the wrong class is winning

Robert Chernomas Why did Robert love this book?

This book adds the international dimension to the Neoliberal story. Gindin and Panitch argue that the U.S. national state and “American MNCs” found key allies abroad among many dominant groups, as various state elites and dominant class fractions worldwide stood to gain through neoliberal reforms. The authors argue that supranational organizations developed largely along U.S. strategic lines. They explain for example how U.S. representatives hold inordinate influence through supranational forums such as the Bank for International Settlements, the World Trade Organization, and the International Monetary Fund. Furthermore, legal reforms (with U.S. support) have been made in many countries to limit the influence that voters have on economic policy with, for example, the de-politicization of trade policy. This is the story we tell for the U.S. writ large.

By Leo Panitch, Sam Gindin,

Why should I read it?

1 author picked The Making Of Global Capitalism as one of their favorite books, and they share why you should read it.

What is this book about?

The all-encompassing embrace of world capitalism at the beginning of the twenty-first century was generally attributed to the superiority of competitive markets. Globalization had appeared to be the natural outcome of this unstoppable process. But today, with global markets roiling and increasingly reliant on state intervention to stay afloat, it has become clear that markets and states aren't straightforwardly opposing forces.

In this groundbreaking work, Leo Panitch and Sam Gindin demonstrate the intimate relationship between modern capitalism and the American state. The Making of Global Capitalism identifies the centrality of the social conflicts that occur within states rather than between…


Book cover of The Billion Dollar Sure Thing

Paul Cranwell Author Of A Material Harvest

From my list on thriller novels you will never forget.

Why am I passionate about this?

I’ve been fascinated by thrillers since I was first allowed to read them. My childhood bookcase was full of Hammond Innes, Alistair MacLean, and every Nevil Shute novel. Later, these were joined by many others, not least John Le Carré. Banking gave me an insight into the murky world of money, bringing with it real-life stories as compelling as those I love reading about. My obsession with the genre is not only with elegant, complex plots but also with what motivates the characters to take the extraordinary risks they do in such challenging environments. The five thrillers I’ve chosen are my absolute favorites. I hope you enjoy them.

Paul's book list on thriller novels you will never forget

Paul Cranwell Why did Paul love this book?

This novel has one of the most beautifully choreographed plots. I love the way the many players dance around the unfolding drama caused by secret plans to devalue the dollar. It is done with exquisite subtlety.

The devaluation plan's central story dovetails with several parallel plots: an investment adviser determined to piggyback on the scheme to increase his wealth and a Soviet finance official trying to undermine the US Dollar and save the USSR billions of dollars on overseas contracts. It gave me an insight into what real financial power is like.

By Paul E. Erdman,

Why should I read it?

1 author picked The Billion Dollar Sure Thing as one of their favorite books, and they share why you should read it.

What is this book about?

"A brilliant novel on international finance ... you will have serious trouble putting this book down." — Forbes

Winner of the Edgar Award for Best First Novel, this was the first thriller set in the world money market that was written by an actual financial expert. Paul Erdman's fast-paced, suspenseful story centers on a billion-dollar, top-secret coup intended to protect the U.S. dollar. In settings that range from Washington, D.C., to London, Paris, Moscow, and Beirut, a cast of memorable characters enact a plot that brings the world to the brink of the biggest financial explosion in history.

"The plot…


Book cover of Anthropocene Geopolitics: Globalization, Security, Sustainability

Alexander Diener Author Of Borders: A Very Short Introduction

From my list on 21st century borders.

Why am I passionate about this?

Beyond my fascination with borders as historical sites of conflict and shifting markers of control, I’ve spent an academic career studying the simultaneity of barrier and juncture. This research has led me to witness licit and illicit border crossings, refugee camps, commercial ports, smuggling, and conservation through cloistering. In my travels, I’ve perceived my vulnerability at certain borders and ease of passage at others. All of this afforded me insights into the human division and demarcation of space and resulted in books and articles on varied facets of bordering in the hope that I might contribute to inhibiting the bad and facilitating the good where territories meet.  

Alexander's book list on 21st century borders

Alexander Diener Why did Alexander love this book?

I’m drawn to this book for shaking the tree. The environment is commonly depicted as a global cause. This book explains how self-interest and varied forms of disparity framed by an infrastructure of borders impede efforts to mediate the negative impacts of human activity.

Rather, oxymoronically, territorial interests inhibit human capacity to extract from extant patterns and practices that harm the natural systems upon which we rely. This book shows the role of borders on environmental issues and the planetary impact of the nation-state system. This is not a screed or a sermon but a well-reasoned consideration of how the political geographies affect the air we breathe, the food we eat, and the water we drink. 

By Simon Dalby,

Why should I read it?

1 author picked Anthropocene Geopolitics as one of their favorite books, and they share why you should read it.

What is this book about?

With the new geological age known as the Anthropocene heralding dramatic disruptions in the earth system, geopolitics needs to be fundamentally reconsidered to deal with these new circumstances. Planetary boundaries and ecological change are now the key contextualization for considering future global political arrangements.

We now find ourselves in a new geological age: the Anthropocene. The climate is changing and species are disappearing at a rate not seen since Earth's major extinctions. The rapid, large-scale changes caused by fossil-fuel powered globalization increasingly threaten societies in new, unforeseen ways. But most security policies continue to be built on notions that look…


Book cover of Tower of Basel: The Shadowy History of the Secret Bank that Runs the World

Mel Mattison Author Of Quoz: A Financial Thriller

From my list on exploring the dark side of finance.

Why am I passionate about this?

I’m a huge thriller fan, and I love finance. In fact, I worked in the industry for over twenty years. I have an MBA from Duke and have been the CEO of three different SEC/FINRA-registered broker-dealers. Unfortunately, I’ve found myself deep into a thriller with a financial component that turns out to be implausible, overly simplistic, or both. It breaks the narrative for me. With these books, that’s not a concern. Financial thriller aficionados unite!

Mel's book list on exploring the dark side of finance

Mel Mattison Why did Mel love this book?

As a finance guy, I had always heard of the BIS or Bank for International Settlements, but I had no idea what it did, how it worked, or its history.

Adam LeBor expertly explains in the Tower of Basel not only what and who the BIS is, but how they have manipulated and influenced the global economy for generations. Despite the bank's strong connections to the Third Reich during the 1930s, the BIS continues to dominate global finance today as the central bank for central banks.

Every two months, leaders from the most powerful central banks in the world including the Federal Reserve meet in Basil to chart a course for the world economy under a cloak of secrecy. Tower of Basel rips the veil from this clandestine organization and exposes dark forces few are aware of.

By Adam Lebor,

Why should I read it?

1 author picked Tower of Basel as one of their favorite books, and they share why you should read it.

What is this book about?

Tower of Basel is the first investigative history of the world's most secretive global financial institution. Based on extensive archival research in Switzerland, Britain, and the United States, and in-depth interviews with key decision-makers,including Paul Volcker, the former chairman of the US Federal Reserve Sir Mervyn King, governor of the Bank of England and former senior Bank for International Settlements managers and officials,Tower of Basel tells the inside story of the Bank for International Settlements (BIS): the central bankers' own bank.Created by the governors of the Bank of England and the Reichsbank in 1930, and protected by an international treaty,…


Book cover of Forgotten Foundations of Bretton Woods: International Development and the Making of the Postwar Order

Stephen C. Nelson Author Of The Currency of Confidence: How Economic Beliefs Shape the IMF's Relationship with Its Borrowers

From my list on politics that shaped international economic order.

Why am I passionate about this?

I was born in North Dakota and raised outside of Minneapolis in the 1980s and 1990s, a period marked by the ascendance of global trade and finance. I got hooked on reading, thinking, and talking about the politics of international economic relations in college. Sufficiently hooked, I guess, that I applied to graduate school to try and make it my vocation. My research and teaching to this point have focused on how key political and ideational forces in domestic and world politics – namely, international organizations, shared economic beliefs, social conventions, and material interests – shape the governance of globalized markets and the crafting of countries’ foreign economic policies.

Stephen's book list on politics that shaped international economic order

Stephen C. Nelson Why did Stephen love this book?

This book is about the planners who set about devising the rules and institutions of the post-WWII international economic order.

The conventional story is that institutions like the IMF and World Bank were mainly creations of American and British policymakers, and the rules enshrined in those institutions reflect narrowly Anglo-American ideas and interests. But Helleiner’s amazing historical research reveals that officials from countries in the so-called “periphery” of the world economy (like China, India, and Brazil) had much more influence in these negotiations than we realized.

Their courageous efforts ensured that some of their developmental ideas (aimed at reducing the massive global wealth and power imbalances) were, in fact, incorporated into the international rules that shaped the postwar economic order. The politics of economic ideas come to life in this book. 

By Eric Helleiner,

Why should I read it?

1 author picked Forgotten Foundations of Bretton Woods as one of their favorite books, and they share why you should read it.

What is this book about?

"Forgotten Foundations is classic interdisciplinary history, drawing on literatures from political science and economics as well as primary sources.... Helleiner has made an important contribution that will permanently re-frame how scholars conceptualize Bretton Woods." Journal of Interdisciplinary History

Eric Helleiner's new book provides a powerful corrective to conventional accounts of the negotiations at Bretton Woods, New Hampshire, in 1944. These negotiations resulted in the creation of the International Monetary Fund and the World Bank-the key international financial institutions of the postwar global economic order. Critics of Bretton Woods have argued that its architects devoted little attention to international development issues…


Book cover of When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence

Elizabeth Friesen Author Of Challenging Global Finance: Civil Society and Transnational Networks

From my list on why international finance fails to deliver.

Why am I passionate about this?

During my childhood I heard many stories of economic collapse, depression, and subsequent war. This created an early awareness of the power of financial forces to shape the welfare, security, and life chances of millions. Since then, I have worked to better understand how such things happen and what could be done about them. I have focused on the nature of power and studied the contingent and contested political processes that shape financial orders. This contestation opens up the possibility of change and makes me hope that future financial orders will, eventually, be based on a wiser, more encompassing understanding of welfare, security, and perhaps even justice, than has been the case so far. 

Elizabeth's book list on why international finance fails to deliver

Elizabeth Friesen Why did Elizabeth love this book?

This book is a welcome antidote to the defeatism that results from a crisis-prone view of the world which is so easy to fall into today.

Grable argues that we should recognize that the rigid models that define a narrow “correct” path to progress are inadequate. Instead, she puts forward the value of what she calls “unscripted” innovations and reminds the reader of the value of “muddling through” and incremental change.

Grable shines a well-deserved light on earlier work by Hirschman and Lindblom. She combines an appreciation of the importance of ideas and the necessity of a high tolerance for complexity and incoherence. This book makes the case for the importance of remaining calm and carrying on, while still keeping an eye out for opportunity.  

By Ilene Grabel,

Why should I read it?

1 author picked When Things Don't Fall Apart as one of their favorite books, and they share why you should read it.

What is this book about?

An account of the significant though gradual, uneven, disconnected, ad hoc, and pragmatic innovations in global financial governance and developmental finance induced by the global financial crisis.

In When Things Don't Fall Apart, Ilene Grabel challenges the dominant view that the global financial crisis had little effect on global financial governance and developmental finance. Most observers discount all but grand, systemic ruptures in institutions and policy. Grabel argues instead that the global crisis induced inconsistent and ad hoc discontinuities in global financial governance and developmental finance that are now having profound effects on emerging market and developing economies. Grabel's chief…


Book cover of The Big Short
Book cover of The Age of Turbulence: Adventures in a New World
Book cover of The Great Crash 1929

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